13,177 Shares in Roblox Co. (NYSE:RBLX) Purchased by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new stake in shares of Roblox Co. (NYSE:RBLX - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 13,177 shares of the company's stock, valued at approximately $762,000.

Several other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in Roblox by 83.9% during the fourth quarter. Versant Capital Management Inc now owns 524 shares of the company's stock worth $30,000 after purchasing an additional 239 shares during the last quarter. Frazier Financial Advisors LLC increased its position in shares of Roblox by 20,800.0% in the third quarter. Frazier Financial Advisors LLC now owns 627 shares of the company's stock valued at $28,000 after buying an additional 624 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of Roblox by 44.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 747 shares of the company's stock worth $43,000 after buying an additional 230 shares during the last quarter. Rakuten Securities Inc. boosted its position in shares of Roblox by 25.6% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the company's stock worth $55,000 after buying an additional 195 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Roblox by 188.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 969 shares of the company's stock valued at $56,000 after acquiring an additional 633 shares during the last quarter. Hedge funds and other institutional investors own 94.46% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Morgan Stanley upped their target price on Roblox from $65.00 to $75.00 and gave the company an "overweight" rating in a research note on Monday, January 13th. HSBC began coverage on shares of Roblox in a research note on Thursday, December 12th. They set a "buy" rating and a $63.00 price objective on the stock. OTR Global upgraded Roblox from a "mixed" rating to a "positive" rating in a report on Monday, February 3rd. Moffett Nathanson cut Roblox from a "neutral" rating to a "sell" rating and set a $34.00 price objective on the stock. in a report on Friday, February 7th. Finally, Needham & Company LLC increased their target price on Roblox from $60.00 to $72.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Roblox has a consensus rating of "Moderate Buy" and a consensus price target of $64.19.

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Roblox Stock Up 5.7 %

Shares of NYSE RBLX traded up $3.29 during trading on Friday, reaching $61.21. 13,368,982 shares of the stock were exchanged, compared to its average volume of 7,608,256. Roblox Co. has a twelve month low of $29.55 and a twelve month high of $75.74. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of -42.21 and a beta of 1.49. The company has a quick ratio of 0.98, a current ratio of 1.02 and a debt-to-equity ratio of 4.82. The business's 50-day moving average price is $63.55 and its 200 day moving average price is $54.70.

Roblox (NYSE:RBLX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.46) by $0.13. Roblox had a negative return on equity of 665.98% and a negative net margin of 25.97%. As a group, equities analysts forecast that Roblox Co. will post -1.49 EPS for the current fiscal year.

Insider Activity

In other Roblox news, insider Mark Reinstra sold 24,000 shares of the company's stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $59.75, for a total transaction of $1,434,000.00. Following the sale, the insider now owns 278,161 shares in the company, valued at $16,620,119.75. This represents a 7.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO David Baszucki sold 138,555 shares of Roblox stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $71.62, for a total value of $9,923,309.10. Following the completion of the transaction, the chief executive officer now owns 129,301 shares of the company's stock, valued at approximately $9,260,537.62. The trade was a 51.73 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 950,466 shares of company stock worth $61,646,297. 22.15% of the stock is currently owned by insiders.

Roblox Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.